check processing company

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Hiring an Electronic Payment Processor to Accept Electronic Checks

Electronic checks are a great way to expand your company's opportunity to increase its revenue. They will allow you to accept checks in any way that you can think of: over the phone, in person, via your company's web page, by mail, ect. Obviously electronic checks can help your business, but you may be wondering how to accept electronic checks. When thinking about how to accept electronic checks, an electronic payment processing company should be your number one resource. Here is why you should consult the services of an electronic payment processing company for all of your electronic check needs: They simplify getting the electronic check payment process started In order to accept electronic checks, you must establish an entire infrastructure dedicated to the process. This is time consuming and costly -- the man-hours and other business resources needed to do this could be utilized elsewhere. An electronic payment processing company will be able to get you started without any hassles or waiting. They optimize the electronic check payment process Even after you successfully establish your own electronic check processing infrastructure (theoretically), you will probably still have to wait to receive your hard earned money due to delays caused by a sub-par system. Electronic payment processing companies utilize the fastest payment methodologies and know how to get banks to send you your money as soon as they can. In fact, the best electronic payment processing companies have been known to be so effective in this regard that they can essentially transform your electronic check payments into a true debit transaction. They secure the electronic check payment process One concern most businesses have when thinking about how to accept electronic checks are the security of their transaction. Intercepted transmissions, stolen funds and fraudulent checks are all very real; you could be victimized by one of these electronic check payment security issues if you do no have the right protection in place. A good electronic payment processing company will have one of the best security systems for protecting your electronic check transactions that you could ask for. They can provide other payment processing services Regardless of your business' industry, checks probably are not (and should not) be the only method of payment that your company accepts. Other forms of electronic payments such as credit and debit should also be options to optimize your organization's ability to generate revenue. However, these payment options require as much security and optimization as an electronic check payment in order to protect you and make sure that you get paid in a timely manner. Most electronic payment processing companies will provide a myriad of payment processing services outside of electronic check payments. Some, in fact, will offer financing to allow you to dedicate more liquid money to the growth of your business than you otherwise could. For more electronic check information... To learn more about how to accept electronic checks, feel free to contact us. We have years of experience in the electronic payment processing industry.

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Don't Allow Your Business To Miss an Opportunity. SPS Can Help

Since the advent of the Check 21 processing system, the old hang ups about accepting checks from distant or unfamiliar customers has take a turn for the better for many merchants and businesses who previously had difficulties accepting credit cards, debit cards or checks.  Many banks were, and still are, reluctant to allow certain categories of businesses processing rights for certain transactions. Those limitations extended to the gun industry, internet transactions and a whole slew of other businesses deemed risky by establishment banks.   Then along came Secure Painless Systems (SPS), an electronic check processing company dedicated to opening the world of credit to virtually every honest business. SPS will not only set up businesses and merchants with the means to process credit cards, we will make it possible to accept guaranteed checks  as per the provisions of the Check 21 legislation. With the Secure Painless System, your business will now able to handle most types of transactions, including Check 21, ACH, Electronic Check processing, Check-by-Phone, Check Guarantee, Check Verification, Check Imaging, and Check Retrieval Services.   No matter what type of legitimate business you operate, or if you are an independent business, a mom and pop operation  or an e commerce, world wide enterprise, we have a combination of financial solutions that will allow you to zero in to your market without concern about cash flow from slow or delinquent customers. The same applies to brick and mortar merchants and businesses with more complicated billing methods.   Secure Painless Solutions is not a one pony act. We have many options and finance packages available, in addition to electronic check processing, that can be adapted to your specific needs so you can capitalize on your ability to write the business. It will be comfortable knowing that our system will process that business. This applies to high risk businesses as well as others that other processors decline. We are proud of our network of banks and financial institutes that are part of our group.   When you come onboard, we will help your company set up the most productive electronic check processing package possible and give you freedom to go after business you never thought possible. If you choose to offer your own private in-house finance package, we can help with that as well.   Don't sell yourself short. Investigate the possibilities available to you. Watch your business grow, with a little help from your friends at Secure Painless Solutions. For more information, call Secure Painless Solutions (SPS) today. Operators are on duty 24 hours a day, 7 days a week. Call today at 877-996-2795.

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Online Check Processing and Efficiency

Online check processing is the best way for a business to provide simple and straightforward payment processes for their customers. In a today's digital world you need to be able to keep pace with your competitors as well as you patrons. Less and less people are paying cash, while more and more people are shopping online. Modern businesses need to be able to handle these changes if they want to survive. Online check processing is a key component to being current and successful in the 21st century. The risks of online shopping are obvious and numerous. From unsecured networks to weak password your transactions and reputation are at risk. As we have recently seen in the news even companies as large as Target are at risk. The last thing you want to be associated with is not being able to protect your customers’ information and money. Every modern business needs to keep these things in mind and act accordingly.   The old ways are out. To run a successful business in 2014 you need to provide online payment options to your target customers. The instantaneous nature allows you and your customers to bypass not only fraud risks, but also wasted time and bank visits. The world we live in today is fast paced and moving evermore towards digitization. Secure Painless Systems is about security, but it is also about assuring that you can negotiate this fast paced frontier efficiently. Secure Painless Systems offers several solutions to accepting and processing checks. Processing checks electronically lessens the risk of accepting checks both personal and corporate. Setting up your accounts to accept and process electronic checks is as simple and quick as possible. This means you can be making money to return on your security investment soon after deciding to become a client. Their online check processing is efficient, secure, and among the most reliable in the business. They understand the needs of high and low risk businesses. Change can be daunting, but Secure Painless Systems lives up to it's namesake by offering fast settlement times, quick setup, and track record of safe online check processing. In order to make your business strong you need to ally with other companies that can provide the quality services you need. Online check processing is not something you can set up yourself, but you can't trust just anyone. Secure Painless Systems has the experience you need to see to know they are reliable.

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Can Check Processing Companies Help Your High-Risk Business Compete Online?

If you fall under one of the many categories that financial institutions label high-risk, then you may have some trouble securing payment-processing services. This type of situation can create a burden on you, your business and your customers. That’s why many merchants seek out check processing companies that specialize in services for high-risk merchants. Should you beware? You should approach any financial service with a little caution, especially if you run a high-risk business. However, you shouldn’t assume that all processing companies are out to gouge you. There are many reputable services that deal exclusively with high-risk businesses, and it’s not because they see a way to overcharge for their service. Don’t look at one bad offer and assume that they are all equally bad. An easy way to figure out whether you should go with a payment processor of any type is to assess your business. •    Would the transaction and setup fees associated with a payment processor hurt you? •    Do you think that you would attract more paying customers if you implemented more popular payment methods? •    Is it better for your business to move more product and services even with the small loss per sale? Don’t hesitate to ask questions, lots of questions. Is your business online? If your business is primarily online, then it’s imperative that you find check-processing companies that can help you facilitate transactions. No matter what your business entails, most people will leave a site quick if there isn’t a payment method available that they can use. Check processing services offer a means to pay for services that most people can take advantage of. Even if you have no other type of processor, there’s a good likelihood that most of your potential customers have a bank account. Check processing companies can help you speed up the process of dealing with chargebacks and cancellations as well. These types of things happen to many high-risk companies, and can be a real hassle to deal with if they happen too often. Transactions also happen faster through check processing companies due to the provisions of Check 21 allowing them to go through the ACH network. This is important for those high-risk online businesses that do a lot of high-volume transactions.   Do you need check processing services? Not all businesses need check processing services, but most can benefit from them. Those businesses that operate mainly online can benefit from the most. Figuring out if a check processing company is right for your business will take some time and research on your part. There’s a lot of documentation out there regarding it. Even if you find that it’s a service you can do without, it’s worth the effort of at least looking into it. During the process, you may find that you can benefit from some other form of payment processing. Many of the check processing companies, like Secure Painless Systems, also offer many additional options as well. Find out what a check processing company can do for your high-risk business.

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Take The Risk Out Of Risky Business The Secure Painless Way

The reality of business is that most of your customers are not blessed with an 800 credit score number. There are many people and businesses, which through reasons beyond their control have suffered economic setbacks that have negatively impacted their credit ratings. They find it almost impossible to find businesses willing to extend credit to them.   In recent years, Secure Painless Systems (SPC) has pioneered a revolution in check processing methods brought forth by Check 21 legislation, the shortened name for the 21st Century Check Cashing Act recently approved by the Federal Reserve Bank  This new federal directive enable merchants or service providers who operate in high risk areas, or who occasionally deal with potentially risky credit situations to offer clients the ability to pay by check through the enabling features of  Check 21 legislation..   Through our well established and trusted network, SPC can help make every transaction risk free. Even those clients who have been declined can benefit from our system. Our network is made up of trusted banks and partner institutions that can help your business accept high-risk concerns. You can take your business to new, unexplored heights while incurring handling fees for our service that are affordable and less than competing companies can offer.   Your company now has the capability to open your business to a segment you once shied away from. Your returns could be major and the risk minimal when you use and apply the principals, methods and technology available from  Secure Painless Systems (SPC).   Check Processing and More SPC specialize in all areas relative to Check 21. That includes accepting electronic checks, ACH, Electronic Check Conversion, Check-by-Phone, Check Guarantee, Check Verification, Check Imaging, and Check Retrieval Services. Our experts can also assist you with setting up your own proprietary financing  In addition, we provide products that will allow your to offer in-house financing that will have an immediate impact on your sales   Trust the Leaders Check 21 has opened the floodgates to a host of inexperienced opportunistic companies with little experience in this dramatic business trend.  There is a lot of money at stake, and your business should do its share of  due diligence before committing to a check processing company.   You will find that it makes good business sense to partner with SPC. Our company can  provide the full spectrum of check processing services related to the category.   Time is money. Delays in accepting electronic checks and processing them can harm your operation. Count on SPC for quick. In-house approval and processing.   With a staff of dedicated experts, accepting electronic checks will become an important part of your operation. Painless Processing delivers expert support for all your needs. We speak the language of check processing.   Our rates are the most competitive in the field. That is an important consideration. For more information about Check 21 and Secure Painless Systems, our phone lines are open 24 hours, 7 days a week. 877-996-2795.

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Acceptance Of The Electronic Checks Efficiently

Accepting electronic checks helps to maximize the cash flow and the efficiency of any business. The function of an electronic check is the same as a regular check, but the electronic checks are more convenient and safer alternative to the paper checks. These electronic checks came into existence in the late 1990s. They were first used for online bill payment system to encourage the use of e-commerce. Today, these electronic checks or e-checks are a much used medium of transactions for the consumers.

The trend of accepting electronic checks became popular very fast due to its speed service and the convenience of their handling. It can be authorized online or standard telephone lines. But in both the cases, the customer’s account number, check number, amount, banks details, digital signature must be securely encrypted. This information is sent to a clearing house for necessary verification and authentication followed by payment. The check amount is then drafted out of the customer’s account and placed in the bank account of the company to whom the check was given. The security features of electronic checks made it safer than the traditional paper checks. The time frame of clearing electronic checks varies depending on the financial institutions involved and the transaction timings.

Basically, accepting electronic checks means electronic fund transfer after certain verification. It is a system for transferring money from one bank to another. By accepting such checks, the companies can reduce the amount of time that they spend chasing for the collection of payment. The recurring transaction of a business can run easily and the customer could be benefitted by a simple procedure. It can be an ideal solution for the charitable organizations that accept donations. Another feature of these checks is to allow people to do business electronically easily and securely paying for goods and services. It can be described as relatively quick and low risk medium of accepting and making payments online with these checks.

Small and big business companies, educational institutions, service rendering companies, insurance companies and many other such companies routinely accept large volume of payments by checks. This procedure, however, increases the risk of insufficient funds factor and the time which is spent for processing these checks. The solution to these problems could be reduced and can even be eliminated by accepting electronic checks. Electronic check processing are services which any business can use to abolish financial risk factors and the time spent for processing of checks. The acceptance of electronic checks can be the solution to potential business opportunities for merchants.

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Role And Benefits of Check Processing Companies

The concept of electronic checks is a big benefit for business houses keen to improve efficiency related to payments. The e check as it is referred to as, is far ahead to the paper check in terms of efficiency and smooth payment related matters. However, there are hazards to tackle. Banks and financial institutions are a bit skeptical while allowing everyone to deal in electronic checks. In fact, if the business falls under the high-risk category, then the chances of approval look slim. Therefore, the way out on such issues is to make the application through professional check processing companies. While there are plenty of them, but to ensure everything moves in a smooth manner, one must choose a company that has the reputation and a competitive pricing package.

Once the e check system is installed, it is an all win situation for the concerned business house. They stand to gain huge, as the processing fee on the e check is approximately 50 to 60% lower than the normal check. Moreover, the e check is processed through an automated system. This reduces the number of people who may have to handle the check. Thus, the chance of fraud or error is reduced. Besides, in such a system, business houses can look to cut down on the work force.

Fund transfer is much quicker in the e check format. There have been instances of billing companies receiving payments within a single day. These different methods of receiving payments have definitely allowed business volumes to grow. The e check is instrumental in allowing business house to deal with international customers. The electronic check format has a perfect security system in place. Merchants can always make sure that the person providing the checking account information has the authority to use that particular checking account. The presence of digital signatures or public key cryptography system is a step in that direction.

However, there are some issues, where as a business house owner, one must be careful. The rules very clearly state that it is important to notify customers that they are converting the paper check into the e check format. However, in spite of all that, there are mistakes. If there has been a mistake, it is important to report it to the bank as quickly as possible. This is where a reputed check processing company comes in handy. They can easily overcome such obstacles, as they share a cozy relationship with banks.